MFSL Trade Plan 2018 Sept 14

On 10th Sept 2018, there was a huge Volume of 4930K as well as 637K marked delivery in MFSL . MFSL had come down during last 2 sessions forming LHLL. But, there was Green candle in the last session. There was recovery of 1.63% during the session once the counter had crossed Last Low. The recovery was fast but the volumes were at the lower side compared to its previous session.

Last Trade was 469.70 But Close was 471.55. Means during the last half hour there was either short covering of last 2 sessions or new demand.

Trade Plan : Expected opening around 470.50 The counter shall attempt to cross the last high. At the end of the session there shall be a positive close in the counter. Keeping the above move, try to buy below the Opening rate during the morning euphoria. Once the counter crosses the Last High, book 50%.